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interests / misc.consumers.frugal-living / Re: Need advice regarding whole life insurance

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o Re: Need advice regarding whole life insurancegggg gggg

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Re: Need advice regarding whole life insurance

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Subject: Re: Need advice regarding whole life insurance
From: ggggg9...@gmail.com (gggg gggg)
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 by: gggg gggg - Tue, 20 Jun 2023 13:57 UTC

On Friday, June 7, 2002 at 1:05:55 AM UTC-7, Wendy wrote:
> I got whole life insurance with Metlife when I was 16. My premiums are
> about $550 a year. I spoke to Metlife recently and they said my last
> year of payments will be the year 2008. So I will have put in almost
> $10,000 into this policy. The face value of my policy is $100,000 and
> if I live til 60 or 65, the cash value is like 40 or 40-something
> thousand dollars.
> I'm wondering, should I just cancel this life insurance and invest
> elsewhere? I don't know much about life insurance and I sure would
> appreciate anyone's advice.
> Thank you,
> Wendy

https://news.yahoo.com/finance/news/absolutely-horrible-3-big-reasons-140000554.html

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